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Canada's last-minute G-7 invite to PM signals thaw

Financial Express Chennai

|

June 10, 2025

AS LAST-MINUTE INVITATIONS go, this one went down to the wire. After an initial snub, India's Prime Minister Narendra Modi confirmed Canada has invited him to the upcoming Group of Seven summit.

- KARISHMA VASWANI Bloomberg

President Donald Trump's trade war is bringing the two nations, whose relations have been strained in recent years, closer together.

India isn't a member of the G-7—a grouping of the world's richest countries comprising the US, UK, Germany, France, Italy, Canada, and Japan. But it has been a regular attendee. This will be the nation's 12th time participating and Modi's sixth consecutive invitation. Ottawa had originally decided to leave him off the list, a move that raised questions about India's credibility in the international arena.

But newly elected Canadian leader Mark Carney has likely made an important calculation: Getting India onside is crucial as he tries to show that democracies can still function collaboratively, even in a fragmented world order. This comes despite Freedom House classifying the South Asian giant as only partly free, noting that the government led by Modi and the Hindu nationalist Bharatiya Janata Party has presided over discriminatory policies and a rise in persecution affecting Muslims.

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Revenue rises 7% in FY25

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Funds for rural roads scheme see gross underutilisation

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China to allow export of rare earths for civilian use

CHINA ON FRIDAY said it will approve export of its rare-earth metals for civilian use, amid India's persistent calls for Beijing to lift curbs and resume the export of precious metals needed to manufacture a host of modern products.

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How winter pushes every car to its limits

BE IT ICE CARS OR EVS, THE SEASON CAN BE TOUGH

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Goyal to visit Brussels to push EU FTA talks

COMMERCE AND INDUSTRY Minister Piyush Goyal will visit Brussels on January 8—9 to push forward negotiations on the free trade agreement (FTA) with the European Union (EU), which have gained momentum as both sides move closer to the India-EU Summit next month.

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'Expect a couple more REITs to come in by 2026'

While residential markets faced headwinds this year, the office sector recorded 60 million square feet of gross leasing between January and September 2025, the highest for the first nine months of any year.

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